It’s becoming clear to me why NFTs will outperform memes, mainly: No More Dilution There there are v few new NFT collections, meaning the old ones are where the attention lies — and you don’t have new stuff vampiring liquidity, ppl buy what already exists. On top of that: many NFTs removed founder risk from the picture, so value comes from being an artifact alone. Contrarily — memes are constantly pumping out new tokens, fracturing liquidity over and over and over. This creates a dilution flywheel. I will become bearish if new collections come out and dilute liquidity, same as its bearish for old memes when new ones come out. The ETH as an artifact chain thesis is playing out in real time.

Not written by cchatGPT I just love the —